John Pinkerton will step down as CEO of Range Resources by the end of this year. Having been in the industry for two decades, and with nothing to lose, he minces no words and spoke bluntly at a recent conference about the need for energy companies to fully disclose all of the chemicals they use [...]
An interesting rumor is making the rounds that Range Resources is about to be sold:
Range Resources is not waiting for a new multi-billion dollar cracker plant to be built in the Marcellus region to process the natural gas liquids they’re producing in the region. Instead, Range is going to send its natural gas liquids to Canada for cracking. Natural gas liquids contain ethane which can be processed or “cracked” [...]
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
New York’s anti-drilling Attorney General, Eric T. Schneiderman, continues to target the shale gas industry. On May 31, he filed a lawsuit in federal court seeking to force the federal government to conduct a full environmental review of hydraulic fracturing before the Delaware River Basin Commission be allowed to permit drilling in its jurisdiction (see [...]
Range Resources, one of the largest Marcellus Shale drillers in Pennsylvania, and the first to sink a Marcellus well in the state in 2003, is pushing back against what it calls “death by a thousand paper cuts” – townships imposing their own regulations on drilling that result in a de facto ban on drilling. Range [...]
Range Resources, one of the largest drillers in the Marcellus Shale, had a very good second quarter (revenue-wise) because of increased production of natural gas liquids and because of an uptick in the price of natural gas in the commodity markets:
An interesting bit of information from Range Resources about the productivity of Marcellus Shale gas wells vs. Barnett Shale wells:
The man perhaps as responsible as anyone for turning the word Marcellus Shale into a household word along the Atlantic region of the United States will take the reigns of Range Resources as its CEO starting January 1 of next year.
After two years of work and numerous revisions, the supervisors of Mount Pleasant Township in Washington County, PA have finally passed an ordinance that controls oil and gas drilling in the township, although at this point it likely won’t make much of a difference according to Range Resources.
When the Pennsylvania Department of Environmental Protection (DEP) recently told Marcellus Shale drillers in the state to stop hauling wastewater from fracking to municipal sewage treatment plants that are not equipped to fully treat the wastewater by May 19 (see MDN story here), they all committed to comply and indeed did comply. But the federal [...]
MarkWest wants to build a Marcellus Shale gas compressor station in Cecil Township (Washington County), PA. They filed an application for a “special exception” to allow them to build the plant but were denied by the zoning board. On April 21, MarkWest filed an appeal in Washington County civil court to have the decision overturned. [...]
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